Piper Sandler Has Lowered Expectations for Bank of Hawaii (NYSE:BOH) Stock Price

Bank of Hawaii (NYSE:BOH) had its target price reduced by investment analysts at Piper Sandler from $84.00 to $78.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s target price would indicate a potential upside of 4.29% from the stock’s current price.

A number of other brokerages have also commented on BOH. DA Davidson boosted their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, January 27th. Weiss Ratings raised Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays upped their price target on Bank of Hawaii from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $75.00 to $91.00 in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

Bank of Hawaii Trading Up 0.0%

Shares of BOH stock opened at $74.79 on Thursday. Bank of Hawaii has a 1-year low of $57.44 and a 1-year high of $80.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.76 and a beta of 0.72. The stock has a 50-day moving average of $75.62 and a 200-day moving average of $69.89.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The company had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that Bank of Hawaii will post 3.97 earnings per share for the current year.

Institutional Trading of Bank of Hawaii

A number of large investors have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new position in shares of Bank of Hawaii during the 4th quarter valued at $27,000. Farther Finance Advisors LLC raised its stake in Bank of Hawaii by 150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock valued at $30,000 after acquiring an additional 270 shares during the period. SHP Wealth Management purchased a new stake in Bank of Hawaii during the fourth quarter valued at about $34,000. Quarry LP boosted its position in Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the period. Finally, Strs Ohio bought a new position in Bank of Hawaii during the first quarter worth about $41,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.